This week, the United Nations is hosting what it calls the UN 2014 Climate Summit, a meeting of world leaders for the purpose of dealing with a gradually warming planet. Now, I???ll leave this politically charged event aside for the moment and flip the focus to another kind of global climate change — the one that???s taking place in global equity markets right now.
Over the weekend, we got several reports out of China that indicated that the world???s second-largest economy now is backsliding on its targeted growth rate in the 7.5% annual range. Then there???s the continued slowdown in Europe, which has put downward pressure on the region???s economy and on the equity markets of the European Union (EU).
The slowdown in the global economic climate is currently being reflected in two exchange-traded funds (ETFs) that I monitor on a daily basis.
Read more about the changes in the global ETF climate at Eagle Daily Investor.